Trending...
- Macon: Next Level students learn about government, get recognition
- Oakmont Dentist, Dr. Jason Choorapuzha Remains Committed to Excellence Through Continuing Education
- Macon: Central Georgia CASA begins training newest cohort of volunteers
The investment closely aligns with TD's purpose to enrich the lives of the customers and communities that it serves
ATLANTA, Nov. 30, 2022 /PRNewswire/ -- The Commercial Bank of TD Bank, America's Most Convenient Bank®, announced today that it has made a $5 million equity investment in Citizens Trust Bank in Atlanta, Ga., to help expand opportunities for minority-owned businesses as it eyes further expansion into the region.
Citizens Trust Bank is a black-owned Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI) founded in 1921, with physical locations in the Atlanta and Alabama markets and a nationwide digital footprint. The investment was made for $5 million in preferred shares via TD Community Development Corporation, a wholly owned subsidiary of TD Bank. The investment represents one of TD's first MDI investments in the country.
TD's U.S. Commercial Bank is actively lending in the Atlanta region via its Middle Market, Municipal, Institutional Commercial Real Estate, TD Equipment Finance and Healthcare business lines. This move will enable minority-owned businesses greater access to capital, while allowing Citizens Trust to provide broad financial services in communities that are often underserved.
"This investment is a natural next step in TD's Commercial Bank presence in the region, as we look to expand our reach, with like-minded organizations like Citizens Trust Bank, to help support all businesses," said Chris Giamo, Head of Commercial Banking for TD Bank. "It also strongly aligns with our diversity and ESG strategy and with our dedication to enriching the lives of the customers and communities we serve."
More on Georgia Chron
Citizens Trust Bank's President and CEO Cynthia N. Day also believes this is a great fit for both financial institutions.
"Citizens Trust Bank continues to seek partners that align with our mission to provide minority businesses access to capital which allows them to create jobs and support healthy communities," said Day. "We are proud to partner with TD Bank in serving our communities in a meaningful way. This is a powerful demonstration of what can be accomplished through collaboration, and we are excited about the opportunities it will create both now and in the future."
"We applaud TD Bank for its commitment to diversity and appreciate its partnership with Citizens Trust Bank in supporting the growth and well-being of the communities we serve. Their equity investment will enhance our ability to impact the lives of many families and businesses," said Ray M. Robinson, Chairman of Citizens Bancshares Corporation, parent company of Citizens Trust Bank.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.
More on Georgia Chron
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com/us.
About Citizens Trust Bank
Citizens Trust Bank Celebrating over 100 years in the community, Citizens Trust Bank remains committed to providing personalized service and financial solutions to meet the growing needs of the community. Through a legacy built on economic equality and well-being, we go beyond meeting the needs of offering banking solutions; our mission is to empower our customers and future generations for financial success. Through its parent company, Citizens Bancshares Corporation, the Bank offers its common stock over-the-counter to the public under the trading symbol CZBS and can be found at www.ctbconnect.com.
About TD Community Development Corporation
TD Community Development Corporation (TDCDC) is a certified Community Development Entity and wholly owned subsidiary of TD Bank, N.A. Since 2007, TDCDC has been providing community loans, investments, and financial counseling to strengthen underserved communities throughout the TD Bank footprint. Leveraging tax credits and economic development, TDCDC also helps commercial and industrial businesses create and retain quality, accessible jobs and community-based organizations improve and expand local services, resources and facilities in distressed urban and rural communities.
SOURCE TD Bank
ATLANTA, Nov. 30, 2022 /PRNewswire/ -- The Commercial Bank of TD Bank, America's Most Convenient Bank®, announced today that it has made a $5 million equity investment in Citizens Trust Bank in Atlanta, Ga., to help expand opportunities for minority-owned businesses as it eyes further expansion into the region.
Citizens Trust Bank is a black-owned Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI) founded in 1921, with physical locations in the Atlanta and Alabama markets and a nationwide digital footprint. The investment was made for $5 million in preferred shares via TD Community Development Corporation, a wholly owned subsidiary of TD Bank. The investment represents one of TD's first MDI investments in the country.
TD's U.S. Commercial Bank is actively lending in the Atlanta region via its Middle Market, Municipal, Institutional Commercial Real Estate, TD Equipment Finance and Healthcare business lines. This move will enable minority-owned businesses greater access to capital, while allowing Citizens Trust to provide broad financial services in communities that are often underserved.
"This investment is a natural next step in TD's Commercial Bank presence in the region, as we look to expand our reach, with like-minded organizations like Citizens Trust Bank, to help support all businesses," said Chris Giamo, Head of Commercial Banking for TD Bank. "It also strongly aligns with our diversity and ESG strategy and with our dedication to enriching the lives of the customers and communities we serve."
More on Georgia Chron
- SignatureFD Announces Partner Promotions as They Continue to Grow Client Base
- Equifax Announces Earnings Release Date and Conference Call for Fourth Quarter 2022 Results
- Nationally Recognized Publicist Clorissa Wright-Thomas Releases Virtual PR Courses
- Savannah Based Colonial Oil Industries Acquires Strickland Oil Company
- Multi #1 International Best-Selling Author Jennifer S. Wilkov Announces the 2023 April Speak Up Women Conference and Call For Speakers
Citizens Trust Bank's President and CEO Cynthia N. Day also believes this is a great fit for both financial institutions.
"Citizens Trust Bank continues to seek partners that align with our mission to provide minority businesses access to capital which allows them to create jobs and support healthy communities," said Day. "We are proud to partner with TD Bank in serving our communities in a meaningful way. This is a powerful demonstration of what can be accomplished through collaboration, and we are excited about the opportunities it will create both now and in the future."
"We applaud TD Bank for its commitment to diversity and appreciate its partnership with Citizens Trust Bank in supporting the growth and well-being of the communities we serve. Their equity investment will enhance our ability to impact the lives of many families and businesses," said Ray M. Robinson, Chairman of Citizens Bancshares Corporation, parent company of Citizens Trust Bank.
About TD Bank, America's Most Convenient Bank®
TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing over 9.8 million customers with a full range of retail, small business and commercial banking products and services at more than 1,100 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Auto Finance, a division of TD Bank, N.A., offers vehicle financing and dealer commercial services. TD Bank and its subsidiaries also offer customized private banking and wealth management services through TD Wealth®. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.td.com/us. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US and www.twitter.com/TDNews_US.
More on Georgia Chron
- Georgia: Gov. Kemp: SK Battery America to Open U.S. IT Center, Create 200 High-Tech Jobs in Roswell
- Cascade Asset Management Releases its 9th Annual IT Asset Disposition Benchmarking Report
- February 11 Marks Gwinnett County's First Household Hazardous Waste Collection Day of 2023
- FLEETCOR Technologies to Announce Fourth Quarter and Fiscal Year 2022 Results on February 8, 2023
- Electives, Inc. doubles its live learning library to include more than 450 classes
TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD". To learn more, visit www.td.com/us.
About Citizens Trust Bank
Citizens Trust Bank Celebrating over 100 years in the community, Citizens Trust Bank remains committed to providing personalized service and financial solutions to meet the growing needs of the community. Through a legacy built on economic equality and well-being, we go beyond meeting the needs of offering banking solutions; our mission is to empower our customers and future generations for financial success. Through its parent company, Citizens Bancshares Corporation, the Bank offers its common stock over-the-counter to the public under the trading symbol CZBS and can be found at www.ctbconnect.com.
About TD Community Development Corporation
TD Community Development Corporation (TDCDC) is a certified Community Development Entity and wholly owned subsidiary of TD Bank, N.A. Since 2007, TDCDC has been providing community loans, investments, and financial counseling to strengthen underserved communities throughout the TD Bank footprint. Leveraging tax credits and economic development, TDCDC also helps commercial and industrial businesses create and retain quality, accessible jobs and community-based organizations improve and expand local services, resources and facilities in distressed urban and rural communities.
SOURCE TD Bank
Filed Under: Business
0 Comments
Latest on Georgia Chron
- Scientist discover a very effective ingredient to lose weight at a fast pace
- Insight Sourcing Group's Annual Year-in-Review Highlights Accomplishments of 2022
- Islamic Speakers Bureau Of Atlanta Leadership Institute Announces Class Of 2023
- STS Capital Partners Announces Sean Friday as New Chief Executive Officer
- BASF and Cargill further expand their partnership to offer high-performance enzyme solutions to animal protein producers in the United States
- AVTECH Software Acquires Long Time United Kingdom Partner OPENXTRA
- Diesel Owners - Save Fuel – Reduce DPF Maintenance – ECOFuelMax
- VSoft Names Steve Thomas as Vice President of Sales to Support Company's Continued Growth
- North American and Annexus Continue to Define Industry with Launch of North American Secure Horizon Choice Fixed Index Annuity
- CytoSMART Technologies Joins the Axion BioSystems Brand
- Serta Simmons Bedding Takes Decisive Actions to Strengthen Financial Position and Drive Long-Term Growth
- Atlanta: Statement on Vine City Walmart Reopening
- One Week Left! ezW2 Speeds Up W2 Reporting with White Paper Printing Feature
- Guaranteed Rate to Expedite Rollout of Special Purpose Credit Program
- "Boca's Best Body" competition Presented by The Berman Team
- Curant Health Becomes Official rare360 Partner
- The Associated Colleges of the South (ACS) Announces Selection of 10 ACS Mellon Academic Leadership Fellows
- ATM Processing Provider DNS Certifies Just.Cash Bitcoin Program
- Seasoned Risk Stalwart Brian Hughes Joins Scienaptic As An Investor And Advisor
- Tobu Railway Begins Selling Mobile Version of NIKKO PASS Via Klook